| Description |
1 online resource (147 pages) |
| Series |
Climate Policy Ser |
|
Climate Policy Ser
|
| Contents |
Cover; Copyright Page; NOTES FOR CONTRIBUTORS; EU emissions trading: navigating between Scylla and Charybdis; The European Union Emissions Trading Scheme (EU ETS); Price determinants in the EU emissions trading scheme; The role of auctions and forward markets in the EU ETS: counterbalancing the cost-inefficiencies of combining generous allocation with a ban on banking; The cost of sectoral differentiation in the EU emissions trading scheme; Allocation of carbon emission certificates in the power sector: how generators profit from grandfathered rights |
|
The interaction between the EU emissions trading scheme and national energy policiesThe choice of multiple or single auctions in emissions trading; Value and risks of expiring carbon credits from afforestation and reforestation projects under the CDM; Allowance allocation in the European emissions trading system: a commentary; Business perspectives on the EU emissions trading scheme |
| Summary |
This special issue of the Climate Policy journal outlines the fundamentals of the new European Emissions Trading Scheme (EU ETS), assesses the strategies for and impact of implementation and highlights the scheme's potential, including positive aspects and remaining hurdles. The EU Emission Trading Scheme (EU ETS) is the first international trading scheme for CO2 in the world. Its aim is to reduce the cost of compliance to existing targets under the Kyoto Protocol. From 1st January 2005, companies in high-energy sectors covered by the scheme must limit their CO2 emissions to allocated levels, arranged in two periods: from 2005-2007 and 2008-2012 (to match the first Kyoto commitment period) In practice, the scheme is likely to cover over 12,000 installations across the European Union, corresponding to approximately 46% of the total EU CO2 emissions. The EU ETS represents a significant development in working at an international level to combat dangerous climate change. The EU Emissions Trading Scheme presents a comprehensive and insightful analysis of the EU ETS, written by international experts in the field. The publication includes the latest research on emissions credits, the interaction of the trading scheme with national energy policies and the debate on future expansion |
| Notes |
Print version record |
| Subject |
Emissions trading -- European Union countries
|
|
Greenhouse gas mitigation -- Economic aspects -- European Union countries
|
|
Greenhouse effect, Atmospheric -- Economic aspects -- European Union countries
|
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Environmental policy -- European Union countries
|
|
Emissions trading
|
|
Environmental policy
|
|
Greenhouse effect, Atmospheric -- Economic aspects
|
|
European Union countries
|
| Form |
Electronic book
|
| Author |
Michaelowa, Axel
|
|
Germany
|
| ISBN |
9781134034741 |
|
1134034741 |
|
